Capital One, $100 Bonus for Existing Checking Customers
Capital One is targeting some existing banking customers with an offer to earn a $100 bonus. The offer was sent out by email with subject, “How do you earn $100 just by using direct deposit?”.
Offer
Set up and receive at least 2 qualifying direct deposits each of $200 or more to your eligible Capital One checking account from November 8, 2021 to March 8, 2022. Your bonus will be deposited into your eligible checking account within 30 days after we receive your second qualifying direct deposit, but no later than May 7, 2022.
Eligible checking accounts include the Simply Checking, Total Control Checking, or 360 Checking Account, as indicated by the last 4 digits within the email communication.
Offer Terms
- Bonus is only valid for one checking account.
- A qualifying direct deposit is a regular periodic payment, such as salary, pension, government payments (for example, Social Security), or other monthly income that occurs as an Automated Clearing House (ACH) or Real-Time Payment network credit from your employer or an outside institution. ACH credits or fund transfers initiated via the Capital One website or mobile app and wires are not considered a direct deposit.
- Capital One will report this bonus on IRS Form 1099-INT, which will be provided to the primary account holder, the IRS (and your state revenue authority, if required).
Guru’s Wrap-up
If you already have a Capital One account check your emails to see if you are targeted. Bank bonuses for existing customers are rare, while we often see big bonuses for opening new accounts.
HT: DoC
